SINGAPORE: Asian stocks surged to two-month highs on Wednesday in anticipation of stimulus in China and an end to rate hikes in the United States, while the dollar nursed steep losses suffered in the wake of a benign U.S. inflation report.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 2.3% by the mid-session break in Hong Kong, hitting its highest since mid-September and on track for its largest daily gain since January.
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